Conyers has advised long-standing client, Commonwealth Bank of Australia, in connection with a five-year AUD500 million syndicated credit facility, with an AUD100 million accordion option, to Gold Fields Limited (JSE, NYSE: GFI) as borrower.
The new financing is one of the first sustainability-linked loan transactions in the Australian mining industry and the first for a gold mining company in the country. Under the terms of the financing, Gold Fields has committed to driving positive social and environmental change by embedding ambitious targets in a new sustainability-linked loan backed by a syndicate of ten Australian and international banks.
Counsel Nicholas Kuria of Conyers’ BVI office advised on the transaction, working alongside Clifford Chance, Sydney.
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